Why Consider Lease / Finance
Keep a Competitive Edge
Having the latest technology to use instead of inefficient and obsolete equipment increases your organization’s operating efficiency, productivity, and bottom-line.
No Down Payment needed
Equipment financing is the most convenient and affordable alternative to purchasing. 100% “financing” makes sound financial sense and is well suited for any budget.
Preserve Bank Credit Lines
retain liquidity and flexibility by keeping your bank credit lines available for other purposes, especially for unforeseen emergencies in the future. Equipment financing helps overcome the constraints of bank loan covenants by moving obligations “off balance sheet.” an equipment finance line of credit essentially provides a new source of business capital.
Realize Tax Benefits
Equipment lease payments are usually 100% tax deductible as a operating expense. The after-tax cost of leasing equipment can actually be lower than owning it.
Improve Cash Flow and Working Capital
Maintain your cash position while increasing liquidity. Use available cash to improve your organization through research, training or in other areas.
Provides a Hedge Against Inflation
Acquire equipment at today’s price while paying for it with tomorrow’s less expensive dollars.
Avoid Capital Budget and Administrative Constraints
Bypass the long-range planning process often required for capital equipment expenditures. Use operating lease alternatives that do not fall under capital budget deliberation to acquire needed equipment.
Customize the frequency, size, and duration of payments to suit capital or operating budget requirements.
Equipment financing has become the choice of over 85% of all businesses in the U.S. including 70% of fortune 1000 companies. In fact the equipment finance sector is now a $1 trillion industry! one of the main reasons financing is such a popular alternative is centered on two key economic principles – scarcity and choice. Limited financial resources prevent most companies from taking advantage of every business opportunity. As a result, most businesses are forced to choose only those investments that yield the highest return. however, financing frees up capital, enabling a business to extend its scarce dollars even wider for additional investment alternatives.